Unlisted Bonds
A SMSF is permitted to invest in Unlisted Bonds. Clients of ESUPERFUND are permitted to use any Australian based Unlisted Bond Provider to purchase Unlisted Bonds for their SMSF.
Australian Based Exchange
As detailed above clients of ESUPERFUND are permitted to use any Australian based Unlisted Bond Provider to purchase Unlisted Bonds for their SMSF. That is clients are only permitted to invest in Unlisted Bonds using an Australian based Provider and cannot trade Unlisted Bonds using Overseas based Provider. This is due to the complexity involved in accessing the required data in the format required in relation to trading activities and currency movements involved with Overseas Providers. In addition, Overseas Providers typically do not recognise SMSF Investors and will typically setup accounts in the Trustees Individual names. This is a breach of SMSF laws and not allowed.
Account Must be setup in SMSF Name
When establishing an Unlisted Bonds Account with an Australian based Provider the Account must be setup in the SMSF Name and not in the personal names of the Trustees. Most Australian based Providers will setup accounts in the name of the SMSF. Unfortunately if the Australian based Provider selected by you does not setup accounts in the SMSF name then you will be unable to use that Provider to invest in Unlisted Bonds.
Record Keeping
In relation to record keeping for Unlisted Bonds Investments, ESUPERFUND will send you a Checklist each year guiding you on what documentation we require to prepare your SMSF annual compliance requirements. This is typically all Trades during the Financial Year as well as confirmation of Unlisted Bonds Holdings at 30 June each financial year.
No financial product advice or recommendation
No Advice Express or Implied: It is important to understand that ESUPERFUND has not taken into account any particular investor's objectives, financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products either expressly or implied. ESUPERFUND expressly states that it does not recommend, represent as suitable, or endorse any financial product or service available through ESUPERFUND. This applies in relation to Unlisted Bonds Investments. ESUPERFUND does not advise or recommend that Unlisted Bonds Investments are suitable to a particular investor’s financial requirements or needs in relation to their SMSF. Any information provided in relation to Unlisted Bonds Investments is factual information only about the operation of the Investment. Accordingly you should read all disclosures relating to investing in Unlisted Bonds Investments and any associated disclosures provided by any relevant Unlisted Bonds Provider before making any decision about whether Unlisted Bonds Investments are suitable for your SMSF needs. We also recommend that you should seek professional advice from a financial adviser before making any decision to invest in Unlisted Bonds Investments for your SMSF.
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